Ezmyloans || Loans

Rooftop Solar Loan

Switching to solar rooftops reduces energy bills and saves more power. Get simple financing for a solar rooftop with distinct incentives. This facility is thought to be the finest strategy to increase your savings.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

Eligibility Criteria

Entities: Partnership firms, LLPs, Pvt. Ltd. companies, sole proprietorships, NBFCs, and SPVs
Eligibility: Minimum one year of experience in the electricity sector
Requirements: ECR with a mandatory rating of 10 and a solid promoter background

The variables influencing Eligibility Criteria?

The following are the top elements that commonly influence loan eligibility criteria:

Negative Cash Flow: If you fail to manage excellent cash flow in your organization, you may be unable to obtain a loan as your chances decrease.
Too Many Loans: Because you have numerous loans, your debt-to-income ratio decreases day by day, making it impossible to obtain another loan due to reduced repayment capacity.

Documents Required

Photographs (2)
Pan Card Copy
Aadhar Card + Passport
Address Proof (If Rented, also provide Permanent Address Proof)
Last 3 Years Form-16, ITR with Computation of Income (if filed)
Last 1 Year Bank Statement - Salary Account
Loan Schedule & Sanction Letter (If Running)
Complete Property Papers with Chain, Map, and ATS
Processing Fee Cheque in Favor of Bank
Last 3 Months Salary Slip + Appointment Letter
Projected Financials
Project Feasibility Report
Company Profile & Management Profile
ISO Certificate & MSME Certificate
Pollution Certificate
CMA Data
Machine Quotation
Building Construction Estimate

Pan Card Clear Copy – Proprietor
Address Proof (Passport, Voter ID Card) – Proprietor
Office Address Proof – Latest (Electricity Bill, Telephone Bill)
Firm Registration Certificates & GST Registration Copy
Last 1 Year GST Return Copy
Firm 3 Years ITR Computation, Profit & Loss A/c, Balance Sheet, Tax Audit Report, All Schedules & Annexures
Provisional Financial – AY 2019-20
Bank Accounts (Current Account, CC Account, OD Account) – Last 1 Year Updated
6-Month Saving Account Statement Updated – Proprietor
If Running Any Loan – Provide Sanction Letter and Repayment Schedule
Agreement to Sell Copy
Property Papers with Chain & Sanction Map
Projected Financial
Company Profile & Management Profile
ISO Certificate & MSME Certificate
CMA Data
Machine Quotation

Photograph – Partners
PAN Card – Company & All Partners
Address Proof – All Partners (Passport, Voter ID, PAN Card, Aadhaar)
Firm Address Proof – Latest Utility Bill
Partnership Deed Copy
GST Certificate
GST Return – Last 1 Year
3 Years Company ITR, COI, Profit & Loss A/c, Balance Sheet, Audit Report (3CB & 3CD), All Annexures and Schedules (CA Certified)
Provisional Financial – AY 2019-20
3 Years Individual ITR + Computation for All Partners
Firm Bank Account Statements – Last 1 Year Updated
If Running Any Loan – Latest Sanction Letter + Track Record or Repayment Schedule
Agreement to Sell Copy
Complete Property Papers – Chain with Sanction Map

All Director’s Photograph
Clear PAN Card – Company and All Directors
Address Proof – Company and Directors
List of Directors & Shareholders with CA Certification (as of date)
GST, Sales Tax, VAT, and SSI Registration Certificates
1 Year GST Returns
All Directors' Individual ITR & Computation – Last 3 Years
Last 3 Years Complete Financials with Tax Audit Report and Annexures
Provisional Financials for Last FY or Month-wise Sales Figures – Last 1 Year
Company's All Bank Account Statements – Last 1 Year (Updated)
All Directors’ Saving Account Statements – Last 6 Months
If Running Any Loan – Latest Sanction Letter and Repayment Schedule
Agreement to Sell Copy
Complete Property Papers – Chain with Sanction Map

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

1. How much assistance is available through the Solar Rooftop Loan?

The subsidy for a solar rooftop loan is determined by the kilowatt of the solar system, as shown below:

40% subsidy is offered for 1kW and 3kW solar systems
20% subsidy is offered for 4kW and 10kW solar systems
No subsidy is available for solar systems above 10kW

2. What are the Solar Rooftop Loan processing fees?

A processing fee of up to 0.50% (minimum Rs.1500/- and maximum Rs. 10,000/-) is charged.

3. What is the Solar Rooftop Loan repayment period?

You can repay your Solar Rooftop Loan for a maximum of five years.

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